Access Bank Rwanda

Access Bank Rwanda
Company typePrivate: Subsidiary of Access Bank Group
IndustryFinancial services
Founded2009; 16 years ago (2009)
HeadquartersKIC (former UTC), 3rd Floor, KN 4 Ave, Kigali, Rwanda
Key people
Faustin Rukundo Byishimo
(Managing Director)[1][2]
ProductsLoans, checking, savings, investments, debit cards
RevenueIncreaseAftertax:US$5.217 million (RWF:6,717,917,000) (2023)[3]
Total assetsUS$179.44 million (RWF:231.06 billion) (2023)[3]
Number of employees
150 (2011)
Websiterwanda.accessbankplc.com

Access Bank Rwanda is a commercial bank in Rwanda. It is one of the commercial banks licensed by the National Bank of Rwanda, the national banking regulator.[4]

Overview

The bank is a medium-sized financial institution in Rwanda. According to its web site, it is the fourth-largest commercial bank in the country, based on assets.[5] As of December 2023, the bank's total assets were US$179.44 million (RWF:231.06 billion), with shareholders equity of about US$25.9 million (RWF:33.37 billion).[3]

History

Access Bank (Rwanda) PLC is a commercial bank that operates in Rwanda. The bank was officially launched in January, 2009 after fulfilling all regulatory requirements. Formerly BANCOR SA Rwanda and created in 1995 by foreign investors, the bank was restructured in 2001 after its takeover by Rwandan and South African private investors.[6] Having commenced operations in Kigali, the Bank has since expanded its operations by extending its network to Nyabugogo, Rubavu and Rusizi. Access Bank Plc, one of the largest banks in Nigeria, officially acquired BANCOR S.A. after its successful acquisition of a 75 percent stake.[7][8]

Access Bank Group

Access Bank Rwanda is a member of the Access Bank Group, the largest financial services provider in Nigeria, based on assets, as of June 2023.[7] Other member companies of the group include:

Ownership

The bank's stock is owned by the following corporate entities and private individuals:[16]

Access Bank Rwanda Stock Ownership
Rank Name of Owner Percentage Ownership
1 Access Bank Group 75.0
2 Rwandan & South African Investors 25.0
Total 100.00

Access Bank Rwanda - Branch Network

As of April 2022, the bank maintains branches in the following locations: [17]

  • Access Bank Rwanda Head Office - KN4 Ave, 3rd Floor- KIC Building (Formerly known as UTC Building), Kigali Rwanda
  • Remera Branch - Remera, Kigali, Rwanda
  • Nyabugogo - Nyarugenge, Kigali, Rwanda
  • Rubavu - Rubavu District
  • Musanze- Musanze District
  • Rusizi - Rusizi District
  • CHIC Branch - Kigali, Rwanda
  • KICUKIRO / Mt. Meru Station - Kigali, Rwanda

See also

References

  1. ^ "Access Bank appoints new Managing Director". The New Times (Rwanda). 12 May 2021. Retrieved 18 July 2021.
  2. ^ "Board and Management Team". Access Bank Rwanda. Retrieved 18 July 2021.
  3. ^ a b c "Access Bank Rwanda Plc: Audited Financial Statements For The Year Ended 31 December 2023" (PDF). Access Bank Rwanda. Kigali, Rwanda. 21 February 2024. Retrieved 10 June 2024.
  4. ^ "BNR-National Bank of Rwanda: Licensed Banks". www.bnr.rw. Retrieved 2022-04-07.
  5. ^ "Access Bank Rwanda Is 4th Largest Bank By Assets". Accessbankplc.com. Archived from the original on 2012-05-27. Retrieved 2012-04-30.
  6. ^ "Bancor bank rebrands now Access Bank Rwanda". The New Times (Rwanda). 22 January 2009. Retrieved 7 April 2022.
  7. ^ a b Adekunle Agbetiloye (24 September 2023). "Top Nigerian banks by asset size in H1 2023". BusinesInsider.com. Lagos, Nigeria. Retrieved 11 January 2024.
  8. ^ Bosco Hitimana (4 August 2008). "Nigeria: Access Bank Acquires 75 Percent Stake in Big Rwandan Bank" (via AllAfrica.com). East African Business Week. Kampala, Uganda. Retrieved 11 January 2024.
  9. ^ Bienvenue à Omnifinance Archived 2009-02-10 at the Wayback Machine (in French)
  10. ^ Banque Privee Du Congo Archived July 25, 2009, at the Wayback Machine
  11. ^ "Access Bank (Rwanda) Limited". Accessbankplc.com. Archived from the original on 2010-07-25. Retrieved 2012-04-30.
  12. ^ "Access Bank (Gambia) Limited". Accessbankgambia.com. Archived from the original on 2011-08-11. Retrieved 2012-04-30.
  13. ^ Isenged, Walter (2009-05-19). "Burundi: Finbank to Be Named Acess Bank". East African Business Week (Kampala). Retrieved 2017-08-30.
  14. ^ James Anyanzwa (1 June 2020). "Nigeria's Access Bank injects $9m into Rwandan subsidiary". The EastAfrican. Nairobi. Retrieved 1 June 2020.
  15. ^ Edna Mwenda (27 January 2024). "Nigeria's Access Bank Acquires Ugandan Lender". The EastAfrican. Nairobi, Kenya. Retrieved 10 June 2024.
  16. ^ Stock Ownership of Access Bank Rwanda [dead link‍]
  17. ^ Branch Network of Access Bank Rwanda [dead link‍]